This course covers Article 9 of the UCC dealing with loans involving collateral and the issues presented when such transactions are not properly executed or not paid according to agreement or when there are competing parties claiming priority in the collateral--such as a buyer of the goods, another secured creditor, a general creditor, a judgment creditor, a tax claim or a trustee in bankruptcy. Understanding the basic concepts of this area of law is vital for anyone expecting to engage in a practice that involves business or consumer transactions. The problem approach, with significant class participation, is utilized.